Student loans are not usually discharged by bankruptcy, which means students take on almost all risk and the cost for the lending agency is not "baked in". You

Student loans are not usually discharged by bankruptcy, which means students take on almost all risk and the cost for the lending agency is not "baked in". Your view seems to be that students in general (but especially smart student) should be more knowledgeable about risk than anyone taking out regular loans, and more knowledgeable than lending agencies. Which doesn't seem right. Surely your ire should also be directed towards the laws which encourage lending agencies to lend to obviously financially irresponsible teenagers, yes?